Updated Map of Mosul for May 30th
Word on the Street Tuesday 5/30/17:
Forex Rates:
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD | |
|
1,145.7000 | 1,141.5000 | 1,145.7000 | |
07:19 |
| USD/VND | |
|
22,710.0000 | 22,361.0000 | 22,493.0000 | |
07:19 |
| USD/CNY | |
|
6.8599 | 6.8184 | 6.8547 | |
07:20 |
| USD/KWD | |
|
0.3037 | 0.3030 | 0.3030 | |
03:04 |
| GBP/USD | |
|
1.2873 | 1.2794 | 1.2814 | |
07:23 |
| USD/IRR | |
|
12,048.0000 | 12,048.0000 | 12,048.0000 | |
17:51 |
| USD/IDR | |
|
13,340.0000 | 13,304.0000 | 13,315.0000 | |
07:10 |
CNBC Link: http://www.cnbc.com/markets/
CNBC Morning Squawk
Link: https://view.response.cnbc.
Tish:
Economic Watch: China
mulls new yuan pricing formula to raise stability
|
link another change in
plans .... hm
BEIJING, May 28 (Xinhua) -- China
plans to change a formula for forming the yuan-U.S. dollar central parity
rate, a move to ensure stable exchange rates at a time when global
financial markets remains beset by instability.Under
China's market-based, managed floating exchange rate regime, the
yuan can rise or fall by 2 percent against the U.S. dollar from the
central parity rate each trading day. The central parity rate is a
weighted average of quotes from dealer banks, and follows a formula of
previous day's closing rate and changes in a basket of
currencies.
The new formula, announced Friday by
the China Foreign Exchange Trade System (CFETS), will allow dealers to
incorporate a "counter cyclical factor" into the existing
formula.China's forex market is easy to be influenced
by irrational expectations and spurred by inertia, due to a certain level
of "pro-cyclicality," which distorts market demand and supply, and
magnifies the risk of exchange rate overcorrection, the CFETS said in a
statement.The proposed adjustment aims to
"appropriately hedge against the pro-cyclical fluctuation in market
sentiment and alleviate the potential for herd behavior in the forex
market," it said.The CFETS said the "counter cyclical
factor" would be adjusted in accordance to China's economic performance,
but it did not give further details about how and when the potential new
formula would be used.
CICC analyst Chang Huili said the
"counter cyclical factor" might be adjusted according to a number of
economic indicators, particularly those on growth and
inflation.The "counter cyclical factor" could
counteract the impact of the previous day's excessive volatility by
reducing the closing rate's role in the next day's central parity rate,
and help ensure the general stability of the yuan exchange rate, according
to Commerzbank AG senior EM economist Asia Zhou Hao.CFETS noted Friday that the yuan-dollar market exchange rates had
recorded lower levels from the central parity rate, despite China's
improving economic fundamentals and a weakening greenback.According to CICC, the yuan has depreciated 2.7 percent this year
against the CFETS basket, in contrast to the notable improvement in
economic fundamentals this year.
"The new formula will enable
the yuan-dollar exchange rate movements to be more independent and better
reflect the domestic economic fundamentals," Chang Huili
said.Chang expects the yuan to be well supported by
China's economic fundamentals this year, saying that although China's
economic growth may experience a "soft-path" due to the ongoing liquidity
tightening and financial deleveraging, a prolonged period of slowing
growth slowdown is not likely.This comes amid
China's efforts to push reform to the yuan's exchange rate formation
system to make the currency more market-oriented and internationally
recognized.In October 2016, the yuan joined
the dollar, euro, pound and yen in the International Monetary Fund's
special drawing right (SDR) currency basket."After joining the SDR basket, the yuan's better reflection
of domestic economic and financial performances has become an important
precondition to help diversify global risk, and a solid foundation for the
internationalization of the currency," said Meng Xiangjuan, an
analyst at Shenwan Hongyuan Securities.
"China's efforts to seek a balance
between making the yuan exchange rate more flexible and keeping it more
stable is good for the global community, avoiding negative spillover
effects from the yuan's disorderly adjustment or competitive currency
devaluations," said Pan Gongsheng, deputy governor of the People's Bank of
China.Zhao Qingming, chief economist at the China
Financial Futures Exchange, said more work needed to be done to further
expand China's forex market and enhance flexibility of the yuan exchange
rate.
|
DC NY Iraq Articles:
Iraq to
resume negotiations with the International Monetary Fund next Wednesday in
Amman
29-05-2017 12:59 PM
Iraq will resume
its negotiations with the International Monetary Fund (IMF) next Wednesday in
the Jordanian capital Amman to discuss its credit cooperation agreement signed
in 2015, an official source said.
The source said that an Iraqi delegation headed by Finance Minister Abdul Razzaq al-Issa will resume talks Wednesday with the International Monetary Fund and the World Bank on a credit cooperation agreement signed by Iraq in 2015 for a loan of 3 billion dollars at a rate of not more than 2%. Adding that the Iraqi delegation includes the Governor of the Central Bank Ali Alalak, the Prime Minister's Advisor for Financial Affairs appearance of Saleh, and officials in the ministries of oil and finance and planning.
The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, described on April 24, 2017, the Iraqi talks with the International Monetary Fund positively, stressing that the international reserves of Iraq remains within the level of security, noting that the World Bank promised to support funding programs to improve infrastructure and reconstruction.
The source said that an Iraqi delegation headed by Finance Minister Abdul Razzaq al-Issa will resume talks Wednesday with the International Monetary Fund and the World Bank on a credit cooperation agreement signed by Iraq in 2015 for a loan of 3 billion dollars at a rate of not more than 2%. Adding that the Iraqi delegation includes the Governor of the Central Bank Ali Alalak, the Prime Minister's Advisor for Financial Affairs appearance of Saleh, and officials in the ministries of oil and finance and planning.
The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, described on April 24, 2017, the Iraqi talks with the International Monetary Fund positively, stressing that the international reserves of Iraq remains within the level of security, noting that the World Bank promised to support funding programs to improve infrastructure and reconstruction.
Labor announces the date of payment of the salaries of the secured workers
The Department of Pensions and
Social Security for workers in the Ministry of Labor and Social Affairs, on
Monday, the date of payment of salaries of workers secured and their successor
due to categories (manual exchange, smart card holders) for the months of May
and June 2017 in Baghdad and the provinces.
The director general of the
Department of Pension and Social Security for workers Ali Jafar al-Hilou said in
a statement that "the Department has set the first of June next date for the
payment of salaries of workers secured for the categories (hand and smart card
holders) of (16406) retired after completing all the necessary procedures for
the distribution of salaries in coordination with General Administration of
Rafidain Bank.
The statement added that "the
insured pensioner who has a service of 30 years and more receive the amount of
600 thousand dinars for two months only, while receiving a pensioner who has a
service less than 30 years, the amount of 540 thousand dinars."
"The family of the deceased, who
has more than three deserving, receives a salary of 500 thousand dinars, while
the family receives a salary of 480 thousand dinars, while the family of the
deceased pensioner who has one receivable and receive a salary of 460 thousand
dinars.
The Director-General called on all
retired and secured workers to review the banks according to their areas of
residence for the purpose of receiving their salaries, drawing with them the
identity documents represented by the identity card or smart card.
Experts: Consensual democracy in Iraq inhibits the power of the state
Researchers and specialists in the
province of Najaf (a stronghold of Shiite clerics in Iraq and the world) called
for a policy that establishes a political and economic life because of the lack
of a clear political system in Iraq.
MP Ali al-Shukri told the Journal
News that "the composition of the political system that adopted the quotas and
the consensus methodology weakened the power of the prime minister."
Al-Shukri called for "the start of
a general policy that establishes a clear political and economic life, not as we
are witnessing today based on reactions."
He also stressed the academic
Maitham Hantal for the «Journal News» on the need for institutions to support
the prime minister, and therefore every prime minister who has the right to draw
the policy and be directly responsible for it as a representative of the
majority view in parliament.
"These institutions will turn away
from the Prime Minister's accountability for matters of public policy, planning
and administration," Ban said.
While political researcher Hassan
al-Budairi told the "Journal News" that "many countries have passed conditions
similar to Iraq, but they succeeded in developing a strong and deliberate public
policy that led to the stability of the political situation in their countries."
He pointed out that "Japan is characterized by speed and dynamism in Public
policies that seek solutions to problems and pursue goals. "
"The general policy in Japan
depends on the decision and its source and on cooperation between the executive
and legislative authorities in a way that enables it to legislate the laws and
implement the vocabulary of the government program and public policies."
He called for "to benefit from the
Japanese experience in this field."
Many researchers and specialists
believe that consensual democracy in Iraq prevents state power and impedes the
development of a policy that is applicable on a professional basis.
Amir of Yezidi uses the "crowd" to stop the Kurdish expansion in Nineveh
The leader of the popular crowd,
Abu Jaafar al-Hatti, on Monday called on the Amir of the Yazidis in Iraq and the
world to improve the young people's participation in the popular mobilization
forces, the belief in those forces and the way to some Kurdish parties to expand
to the province of Nineveh .
"The Yezidi component has had an
experience with the Peshmerga, especially after a hasty control of their areas,
and the Iraqis' belief that" the popular mobilization forces are now the safety
valve for Iraq, especially after the crowd liberated the Yazidi villages from
the grip Calling. "
He added that "the invitation of
the Yezidi prince comes to engage the sons of those areas with the ranks of the
popular crowd to hold their land after liberation from the call and avoid the
dangers coming."
He pointed out that the Yazidis,
Turkmen and other components refuse to join the provincial government that the
referendum in those areas as important components in the province of
Nineveh.
He pointed out that "some
influential Kurdish parties are trying to expand on the territory of Nineveh and
control and annex it to the provincial government, especially in the minority
areas, but the minorities reject any referendum or annex their areas to the
region as part of the province of Nineveh."
The leader of
Yazidis, Saeed Saeed Bey, called on Sunday young people to join the popular
mobilization, stressing that the crowd was the most beautiful battles in the
battles of liberation, expressing his thanks to the popular forces to liberate
areas Yazidi and handed over to the people
Oil decides to
increase share of derivatives in Nineveh
29-05-2017 12:52 PM
The Euphrates
-
The Ministry of
Oil decided to increase the share of derivatives and hours of work at fuel
stations to meet the needs of citizens in Nineveh province, at the time the
Directorate of Agriculture Salahuddin began the campaign of wheat harvest and
marketing plan in the framework of the return of agricultural activity in the
liberated areas. This coincided with the distribution of the Ministry of
Displacement and Migration three thousand relief ration among displaced people
in Anbar and Samarra, while the sons of Wasit praised the victories of the
security forces and the popular crowd in Mosul. An open share of Nineveh oil
derivatives The director of the company of petroleum products branch of Nineveh
Falah al-Lahibi for correspondence "Sabah" Sondos Abdul Wahab: The company
distribution of petroleum products agreed to increase the share of derivatives,
especially gasoline, as well as official working hours at filling stations in
order to reduce the momentum, The official working hours of the workers will
start from 7 am to 9 pm, noting that the share of Nineveh province has become
open as needed and immediately, while it was earlier 700 thousand liters of
derivatives. He said that the distribution of oil derivatives continues
in the camps, as the distribution of 20 liters of oil free of charge for each
family for 15 days, and that the Ministry of Oil continues to provide services
to citizens and soon will be the reopening of oil stations and
reservoirs.
Kauaihn Iraq Articles:
US Defense Secretary: There is no escape from the casualties in our raids in Iraq and Syria
Editorial date: 2017/5/29 8:56 • 73 times read
(AFP) - US
Defense Secretary Jim Matisse said there was no escape from civilian casualties
in the war against terrorists in Iraq and Syria, adding that his country was
"doing everything in its power" to avoid it.
"The victims are in this kind of
situation," Matisse told CBS television on Sunday.
He stressed that the United States "is doing all it can in humanitarian terms, taking into account the military necessity" to avoid civilian casualties.
"We have not changed the rules of launching air raids that determine the precautionary measures that must be taken to avoid civilian casualties," Mattes said.
"We do not compromise our will to protect the innocent."
The US military admitted last Thursday that more than 100 people were killed in the new Mosul area on the right side of the city in March following a raid by the International Coalition. The Pentagon said in the investigation that explosives inside the building full of civilians led to its collapse and the fall of dozens of victims
He stressed that the United States "is doing all it can in humanitarian terms, taking into account the military necessity" to avoid civilian casualties.
"We have not changed the rules of launching air raids that determine the precautionary measures that must be taken to avoid civilian casualties," Mattes said.
"We do not compromise our will to protect the innocent."
The US military admitted last Thursday that more than 100 people were killed in the new Mosul area on the right side of the city in March following a raid by the International Coalition. The Pentagon said in the investigation that explosives inside the building full of civilians led to its collapse and the fall of dozens of victims
Statement: American activist and diplomat Stephanie Williams discussed Iraq's support in its fight against terrorism
Iraqi Defense Minister Irfan
al-Hayali discussed with US Charge d'Affaires Stephanie Williams and the
director of the Office of Security Cooperation in the Embassy, Scott McCain,
the cooperation between Iraq and the United States in the field of military
training and arming of Iraqi forces in addition to the possibilities of
increasing support to the Government of Baghdad on maintaining the momentum of
the battle against The terrorist until the liberation of the rest of the land of
Nineveh province.
US diplomacy praised the Iraqi
army's victories against extremists in the battle to liberate the right-hand
Mosul coast, as well as harnessing efforts to help the displaced and bring them
to the shelter camps.
A year after the founding of the Iraqi national project of trans-sectarianism and anti-tyranny
The National Committee for the
Iraqi National Project, Sheikh Jamal al-Dari, has established many national
achievements and meetings that are in the interests of Iraq, renouncing
sectarianism and moving towards the path of hope in order to speed up the steps,
shorten the time and sharpen the momentum.
During the past year, the Iraqi
national project has held several workshops that focus on the youth sector,
calling for peaceful coexistence and rejection of extremism, as well as
workshops on human rights in general and women's rights, in addition to
workshops on intellectual security and drug elimination in many Iraqi provinces
and cities. .
Merkel: Europe can no longer rely on America or Britain
Release date: 2017/5/29 10:44 • 87 times read
(Reuters) -
Europe can no longer rely entirely on the United States and Britain after the
election of Donald Trump and the British vote for European Union exit, German
Chancellor Angela Merkel said on Wednesday.
Merkel said she wanted friendly
relations with the two countries alongside Russia, but stressed that Europe had
to "struggle for its destiny."
Her comments came after the US president, at a summit of the Group of Seven (G-7) nations, refused to confirm compliance with the Paris climate agreement reached in 2015.
Merkel is campaigning for parliamentary elections in September.
"The times when we could rely entirely on others are past," she said in a speech at an election rally in Munich, southern Germany. "I have faced this in the past few days."
She considered it necessary to give priority to the relationship of Germany with the new French President Emmanuel Macaron, adding, "We Europeans have to decide our fate ourselves."
On Saturday, Merkel described climate talks during the G7 summit as "very unsatisfactory".
Leaders of Britain, Canada, France, Germany, Italy and Japan reaffirmed support for the Paris agreement, but Trump said he would make a decision a week later.
Trump has previously vowed to renounce the deal, skeptical about climate change.
Speaking in Brussels last week, Trump told NATO members that they had to spend more on defense without reaffirming his administration's commitment to common security among NATO members.
Opinion polls suggest Merkel is on track to win a fourth term in office
Her comments came after the US president, at a summit of the Group of Seven (G-7) nations, refused to confirm compliance with the Paris climate agreement reached in 2015.
Merkel is campaigning for parliamentary elections in September.
"The times when we could rely entirely on others are past," she said in a speech at an election rally in Munich, southern Germany. "I have faced this in the past few days."
She considered it necessary to give priority to the relationship of Germany with the new French President Emmanuel Macaron, adding, "We Europeans have to decide our fate ourselves."
On Saturday, Merkel described climate talks during the G7 summit as "very unsatisfactory".
Leaders of Britain, Canada, France, Germany, Italy and Japan reaffirmed support for the Paris agreement, but Trump said he would make a decision a week later.
Trump has previously vowed to renounce the deal, skeptical about climate change.
Speaking in Brussels last week, Trump told NATO members that they had to spend more on defense without reaffirming his administration's commitment to common security among NATO members.
Opinion polls suggest Merkel is on track to win a fourth term in office
The Ministry of Electricity: Privatization project has been successful despite opposition
The privatization of the
electricity distribution sector faces fierce opposition on the grounds that it
will harm the poor at a time when the government insists on implementing it in
all parts of the country.
"The main objective of the project
is to eliminate the estimated 65 per cent of the energy produced," Ministry of
Electricity spokesman Musab al-Mudar told the Journal News Sunday.
He added that "the parties (not
named) are trying to block this project after their interests were damaged and
started a promotion campaign against privatization," while "the project proved
successful through the achievement of production lines in Baghdad and the rest
of the provinces."
And supply the Ministry of
Electricity in kilowatts of energy at 10 dinars and when the consumption rises
to 1500 kilowatts, the price is 20 dinars, and then rises to 40 dinars when the
consumption reached two thousand units.
Kauaihn Economic Times:
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Economy
2017-05-29 06:25:00 by Chaim Siegel of Elazar Advisors, LLC S&P 500: Bullish
SPY Daily Economic Calendar This WeekTuesday: PCE Price Index Thursday: ADP
Employment Friday: Nonfarm Payrolls We only list three events this week because
this is all that matters to us, as we’ll explain. There is typically a ton of
noise and commentary on many economic numbers. Inflation and jobs is all the US
Fed really looks at. It just so happens that jobs and inflation are the core
drivers to stocks and Read the full story
Backdoor IRAs: Another way for high
earners to save on taxes in retirement
CNBC
By taking advantage
of the backdoor IRA strategy, high-income earners can have more tax-free funds
available in retirement. Read the full story
OIL / COMMODITIES / ENERGY
Backdoor IRAs: Another way for high
earners to save on taxes in retirement
CNBC
CNBC
By taking advantage
of the backdoor IRA strategy, high-income earners can have more tax-free funds
available in retirement. Read the full story
OIL / COMMODITIES / ENERGY
Oil Price Commentary: Back to
Reality
Oilpro
Oilpro
Last Week Oil Market Data: Last Week Crude Oil Price Movement: Oil prices
closed the week approximately 3 percent lower as the outcomes of OPEC’s meeting
last week were obviously less than what the market was expecting. It is obvious
that the oil market now realizes that OPEC’s output cut extension will not
change the deteriorating oil market fundamentals. The only thing it will do is
preventing the oil market from getting worse. Following the meeting, Brent crude
and WTI fell by approximately 5 Read the full story
Oil prices edge lower in Memorial Day
tradeInvesting.com
© Reuters. Oil edges lower
Read the full story
Last Week Oil Market Data: Last Week Crude Oil Price Movement: Oil prices
closed the week approximately 3 percent lower as the outcomes of OPEC’s meeting
last week were obviously less than what the market was expecting. It is obvious
that the oil market now realizes that OPEC’s output cut extension will not
change the deteriorating oil market fundamentals. The only thing it will do is
preventing the oil market from getting worse. Following the meeting, Brent crude
and WTI fell by approximately 5 Read the full story
Oil prices edge lower in Memorial Day
tradeInvesting.com
© Reuters. Oil edges lower
Read the full story
Global gold prices hold near four-week
highs, political tensions support
Livemint
Livemint
Bengaluru: Gold
prices held near their highest in four weeks on Monday after rising almost 1% in
the previous session, buoyed as geopolitical tensions boosted its safe-haven
appeal. Read the full story
BANKS / BANKING
If bad debt doesn't rise during hard
times, banks aren't doing enough, says central bank chief
CNBC
CNBC
Deteriorating asset quality at Asian banks in a difficult post-crisis
environment must be viewed in perspective, Singapore's central bank chief said.
Read the full story
DebtX to sell $1 billion in loans for
FDIC from First NBC Bank
POST Online Media
POST Online Media
DebtX, a marketplace for loans, announced a $1 billion loan sale on
behalf of the Federal Deposit Insurance Corporation (FDIC) as receiver for First
NBC Bank of New Orleans. The transaction is one of the largest cash loan sales
executed by the FDIC in the past 10 years. The portfolio consists primarily of
Commercial & Industrial (C&I... Read the full story
DebtX, a marketplace for loans, announced a $1 billion loan sale on
behalf of the Federal Deposit Insurance Corporation (FDIC) as receiver for First
NBC Bank of New Orleans. The transaction is one of the largest cash loan sales
executed by the FDIC in the past 10 years. The portfolio consists primarily of
Commercial & Industrial (C&I... Read the full story
What did banks do with the huge influx
of cash during demonetisation?
Livemint
Livemint
As a result of the demonetisation of high-value currency notes in
November, people rushed to banks to deposit their money. What did the banks do
with this sudden influx of deposits? How did they deploy these funds? Read the full story
ECB waiting for new data but overall
extraordinary monetary policy needs to stay
CNBC
The European Central Bank is set to receive updated data when it meets
next month, but according to its president, it is not yet time to tighten
monetary policy. Read the full story
As a result of the demonetisation of high-value currency notes in
November, people rushed to banks to deposit their money. What did the banks do
with this sudden influx of deposits? How did they deploy these funds? Read the full story
ECB waiting for new data but overall
extraordinary monetary policy needs to stay
CNBC
CNBC
The European Central Bank is set to receive updated data when it meets
next month, but according to its president, it is not yet time to tighten
monetary policy. Read the full story
The People’s Bank of China is expanding
its toolkit
Business Insider UK
Business Insider UK
Global
central banks typically pursue two goals, maintaining low and stable prices
while also promoting growth or employment. In contrast, the People’s Bank of
China (PBoC) has several official and multiple unofficial goals, many of which
conflict. At present it faces daunting challenges, including balancing growth,
minimizing currency volatility, promoting economic stability, preventing asset
price bubbles, ensuring adequate market liquidity and deleveraging the financial
system. Further Read the full story
Global
central banks typically pursue two goals, maintaining low and stable prices
while also promoting growth or employment. In contrast, the People’s Bank of
China (PBoC) has several official and multiple unofficial goals, many of which
conflict. At present it faces daunting challenges, including balancing growth,
minimizing currency volatility, promoting economic stability, preventing asset
price bubbles, ensuring adequate market liquidity and deleveraging the financial
system. Further Read the full story
TREASURIES/ BONDS/
STOCKS
MARK YUSKO: 'The US is going to have a
crash and it will be massive'
Business Insider UK
“I’m telling you right now, the US is going to have a crash and it will
be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment
Conference. In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital
Management, outlined where he sees the biggest opportunities and risks for
investors are today. Demographics Are Destiny Mark began with the big story of
the SIC 2017 — demographics. He believes that efforts to generate growth through
fiscal stimulus and tax cuts will prove Read the full story
European stocks trade lower as oil dips
and banks weigh; UK markets closed
CNBC
The oil price pulled
back slightly on Monday, weighing on investor sentiment. Read the full story
Global stocks mixed, dollar
steadyInvesting.com
Stock Markets May 29,
2017 08:04 GMT Investing.com - Global stocks mixed Monday in
holiday-thinned trade. U.S., U.K., Chinese markets closed. Nikkei 225 flat as
yen edges up vs. dollar after new North Korea missile test. Europe edges lower.
DAX off 0.10%, CAC 40 falls 0.30%. Euro edges lower at $1.17 mark. ECB chief
Mario Draghi due to speak. Sterling recovers above $1.28. Polls show
Conservative lead in U.K. election narrowing. Dollar index steady above 97 mark.
Gold edges lower. Oil still Read the full story
TREASURIES/ BONDS/
STOCKS
MARK YUSKO: 'The US is going to have a
crash and it will be massive'
Business Insider UK
Business Insider UK
“I’m telling you right now, the US is going to have a crash and it will
be massive,” asserted Mark Yusko at Mauldin Economics’ Strategic Investment
Conference. In his keynote speech, Mark Yusko, CIO of Morgan Creek Capital
Management, outlined where he sees the biggest opportunities and risks for
investors are today. Demographics Are Destiny Mark began with the big story of
the SIC 2017 — demographics. He believes that efforts to generate growth through
fiscal stimulus and tax cuts will prove Read the full story
European stocks trade lower as oil dips
and banks weigh; UK markets closed
CNBC
CNBC
The oil price pulled
back slightly on Monday, weighing on investor sentiment. Read the full story
Global stocks mixed, dollar
steadyInvesting.com
Stock Markets May 29,
2017 08:04 GMT Investing.com - Global stocks mixed Monday in
holiday-thinned trade. U.S., U.K., Chinese markets closed. Nikkei 225 flat as
yen edges up vs. dollar after new North Korea missile test. Europe edges lower.
DAX off 0.10%, CAC 40 falls 0.30%. Euro edges lower at $1.17 mark. ECB chief
Mario Draghi due to speak. Sterling recovers above $1.28. Polls show
Conservative lead in U.K. election narrowing. Dollar index steady above 97 mark.
Gold edges lower. Oil still Read the full story
CURRENCIES
Bitcoin correction sees nearly $4
billion wiped off value of the cryptocurrency as price falls
19%
CNBC
Bitcoin experts still see the price rallying after the correction.
Read the full story
Forex - Dollar flat, sterling higher in
holiday-thinned tradeInvesting.com
© Reuters. Dollar flat,
sterling higher in holiday-thinned trade Read the full story
Pound to euro exchange rate: Sterling
SOARS as Theresa May fights back in election polls
Express
POUND sterling has soared after a dismal week against the euro, after
fresh polls revealed Theresa May is extending her lead against Labour’s Jeremy
Corbyn. It’s been a disappointing week for the UK currency, but the sharp rise
in the exchange rate this morning could signal the end of the struggle. The
pound has jumped back to €1.15 after sinking to €1.14 on Friday. Read the full story
Pound rebounds after suffering biggest
loss in 4 months
MarketWatch
The pound moves firmly higher on Monday, rebounding after its worst loss
in four months logged last week on concerns that the upcoming general election
in the U.K. will be tighter than most people expected. Read the full story
NZ dollar gains vs Aussie as kiwi comes
back into favour
Scoop
May 29 (BusinessDesk) -
The New Zealand dollar rose against its Australian counterpart on speculation
that a relatively stronger domestic economy and lack of exposure to
international commodity prices such as iron ore favour the kiwi over the Aussie.
Read the full story
Rupee opens marginally weaker against
US dollar
Livemint
Mumbai: The Indian rupee
on Monday weakened marginally against the US dollar in the opening trade. The
rupee opened at 64.51 a dollar. At 9.15am, the rupee was trading at 64.50, down
0.11% from its Friday’s close of 64.45. Read the full story
CURRENCIES
Bitcoin correction sees nearly $4
billion wiped off value of the cryptocurrency as price falls
19%
CNBC
CNBC
Bitcoin experts still see the price rallying after the correction.
Read the full story
Forex - Dollar flat, sterling higher in
holiday-thinned tradeInvesting.com
© Reuters. Dollar flat,
sterling higher in holiday-thinned trade Read the full story
Pound to euro exchange rate: Sterling
SOARS as Theresa May fights back in election polls
Express
Express
POUND sterling has soared after a dismal week against the euro, after
fresh polls revealed Theresa May is extending her lead against Labour’s Jeremy
Corbyn. It’s been a disappointing week for the UK currency, but the sharp rise
in the exchange rate this morning could signal the end of the struggle. The
pound has jumped back to €1.15 after sinking to €1.14 on Friday. Read the full story
Pound rebounds after suffering biggest
loss in 4 months
MarketWatch
MarketWatch
The pound moves firmly higher on Monday, rebounding after its worst loss
in four months logged last week on concerns that the upcoming general election
in the U.K. will be tighter than most people expected. Read the full story
NZ dollar gains vs Aussie as kiwi comes
back into favour
Scoop
Scoop
May 29 (BusinessDesk) -
The New Zealand dollar rose against its Australian counterpart on speculation
that a relatively stronger domestic economy and lack of exposure to
international commodity prices such as iron ore favour the kiwi over the Aussie.
Read the full story
Rupee opens marginally weaker against
US dollar
Livemint
Livemint
Mumbai: The Indian rupee
on Monday weakened marginally against the US dollar in the opening trade. The
rupee opened at 64.51 a dollar. At 9.15am, the rupee was trading at 64.50, down
0.11% from its Friday’s close of 64.45. Read the full story
Yuan-dollar formula facing
change
POST Online Media
China plans to change a formula for forming the yuan-U.S. dollar central
parity rate, a move to ensure stable exchange rates at a time when global
financial markets remain beset by instability. Under China’s market-based,
managed floating exchange rate regime, the yuan can rise or fall by 2 percent
against the dollar fr... Read the full story
People's Bank of China plans
counter-cyclical tweaks to yuan parityInvesting.com
Yuan parity tweak
Read the full story
USA
Trump’s 'Home Run' Trip Leaves White
House Happy, Europe Mixed
Bloomberg
Yuan-dollar formula facing
change
POST Online Media
POST Online Media
China plans to change a formula for forming the yuan-U.S. dollar central
parity rate, a move to ensure stable exchange rates at a time when global
financial markets remain beset by instability. Under China’s market-based,
managed floating exchange rate regime, the yuan can rise or fall by 2 percent
against the dollar fr... Read the full story
People's Bank of China plans
counter-cyclical tweaks to yuan parityInvesting.com
Yuan parity tweak
Read the full story
USA
Trump’s 'Home Run' Trip Leaves White
House Happy, Europe Mixed
Bloomberg
Bloomberg
The world just
got its first close-up look at Donald Trump. It didn’t always like what it saw.
There he was pushing aside Montenegro’s prime minister to be front-and-center
for a NATO photo-op. Here he was beaming giddily next to a stern-faced pope. On
the same day, his wife Melania swatted away his attempt to hold hands. Trump
stands with Pope Francis during a meeting on May 24. In Saudi Arabia, one senior
White House official marveled at the lack of protesters, perhaps not realizing
Saudi bans Read the full story
America's government debt isn't a
problem right now, but that could change
Business Insider
UK
So the US is right in the early stages of a
rather dramatic upsurge in debt beyond all historical levels. (Keeping mind, of
course, that the above chart is based on projections about which there is a wide
range of uncertainty.) But is this chart, and what it represents, a problem? We
are certainly not in the middle of a debt crisis right now. Interest rates are
low, the US can easily make its debt payments, the debt is in dollars, and the
government has room to raise tax revenue. So here are two Read the full story
America's government debt isn't a
problem right now, but that could change
Business Insider UK
Business Insider UK
So the US is right in the early stages of a
rather dramatic upsurge in debt beyond all historical levels. (Keeping mind, of
course, that the above chart is based on projections about which there is a wide
range of uncertainty.) But is this chart, and what it represents, a problem? We
are certainly not in the middle of a debt crisis right now. Interest rates are
low, the US can easily make its debt payments, the debt is in dollars, and the
government has room to raise tax revenue. So here are two Read the full story
EMERGING
MARKETS
Fund manager Q&A: Emerging markets
funds
Denver Post
Denver Post
By Alex Veiga,
The Associated Press LOS ANGELES — Investors have been betting heavily on
emerging markets stocks this year, and the strategy appears to be paying off.
The MSCI Emerging Markets Investment Market Index, which covers securities
across developing nations, is up nearly 16 percent this year, according to
FactSet. Compare that with the Standard & Poor’s 500 index, which is up 7.2
percent. Fund investors are piling in. Through the first four months of this
year, net flows into emerging Read the full story
Enjoy risk? This fund targets the
fastest-growing firms in the fastest-growing markets
The Telegraph
The Telegraph
Emerging
markets have been one of this year’s investment success stories so far with
average gains of around 12pc for British investors, compared with 8pc from the
London stock market. Read the full story
Emerging markets aren't all created
equal
Business Insider UK
Business Insider UK
For most
investors, targeting foreign countries where there are high expectations for
growth is a useful strategy. After all, in the United States, Canada, and
Europe, economies are mostly growing at about 2% or less per year. And while
these developed markets are less risky to invest in, finding value can be
tricky. That’s why for many decades, investors have been allured by the fast
growth of far-off economies. In the 1950s and 1960s, Japan’s economy regularly
expanded at a 10%+ clip, and who Read the full story
MIDDLE
EAST
Moody's upgrades Abu Dhabi's outlook to
stable
POST Online Media
POST Online Media
Moody's has
changed the rating outlook on the government of Abu Dhabi to stable from
negative. At the same time, Moody's affirmed the long-term Aa2 issuer rating.
Moody's noted that the key drivers of the outlook change are effective policy
response to the low oil price environment through an acceleration in the
country's reform agenda; ex... Read the full story
UAE bourses suffer from thin liquidity
– Analysts
Mubasher
Mubasher
By: Mahmoud
Gamal Dubai – Mubasher: The UAE stock markets are suffering from weak turnover
in the recent period, amid absence of institutional investments and lack of
traders’ appetite, analysts told Mubasher. The bourses are witnessing weak and …
Read the full story
Iraqi security
forces have claimed they will liberate the city of Mosul by June 10 - just under a fortnight. Military
progress has slowed as an unknown number of ISIS fighters defend the old city
area. Read the full story
Israel’s resilient economy can use a
tune-up
CNBC
CNBC
Despite a
successful high-tech industry, Israel suffers from high poverty levels and
inequality. Read the full story
A
FRICA
East Africa: How Tanzania, Uganda Plan
to Finance Pipeline
AllAfrica
AllAfrica
(Photo: Leadership)
Kampala Uganda, Tanzania and joint venture (JV) partners Tullow Oil Uganda,
Total E&P and Cnooc will be turning to international lenders to raise 70 per
cent of $3.5 billion (Sh7.7 trillion) capital expenditure for construction of
the proposed crude oil export pipeline from Hoima to Tanga. The remaining 30 per
cent capital, according to sources in Uganda's Energy ministry, will be raised
through equity by the JV partners and national oil companies of the two
countries - Read the full story
East Africa: EAC-Europe Trade Deal
Signing Put On Hold
AllAfrica
AllAfrica
(Photo: Daily Monitor)
East African heads of state have jointly agreed that the EAC members who have
not signed the European Union-EAC Economic Partnership Agreement (EPA) should
not do so pending clarification of contentious issues that have been highlighted
in the agreement. In a joint communique of the EAC Heads of Summit in Dar es
Salaam last weekend, the presidents said the new chair Ugandan President Yoweri
Museveni has been mandated to reach out to the EU within one month to
communicate Read the full story
East Africa: Summit of
Surprises
AllAfrica
AllAfrica
The long awaited meeting
of the East African Community Heads of State took place on 20 May. It
particularly led to the support for the position taken by Burundi against the
EU. Bujumbura was seething since the announcement of the summit of Heads of
State of the East African Community. Each one speculated on the outcome of this
meeting. Individuals had different expectations. Some were demanding embargo to
weaken the regime in place. The government was prepared to defend itself. In the
end, the Read the full
story
ASIA
Japan needs
‘bargaining leverage’ as U.S. likely to push for bilateral trade deal
The Japan Times
The Japan Times
Given U.S. President
Donald Trump’s calls for breaking down trade barriers and expanding American
exports as part of “fair” international commerce, his administration appears
likely ... Read the full story
EUROPE
EUROPE
Embarrassing blow for Macron as French
envoy admits banks WON'T abandon UK after Brexit
Express
Express
EMMANUEL Macron's bid to snatch the UK’s financial institutions after
Brexit has suffered an embarrassing blow as his French envoy admitted the
majority of companies would not flee Britain. The French President has promised
to overhaul the French tax and regulations system in a bid to lure companies and
institutions to make Paris the next European power hub. However, speaking to
BBC’s Today programme, Mr Macron’s Brexit special envoy for financial issues
predicted only 15 per cent of companies Read the full story
Blessed and Highly Favored:
CBI Update:
The CBI for Tuesday May 30, 2017 did
update on the indicative rates Buy Rate 1182 and Sell Rate 1184
The currency auction is
149,446,115
There are 3 news and
announcements for Tuesday, May 28, 2017 as follows:
News and Announcements
To / Sinai
Company to mediate the sale and purchase of foreign currencies (withdrawal of
license)2017/5/30
To / Adhamiya Company
to broker the sale and purchase of foreign currencies (withdrawal of
license)
2017/5/30
To / Jawharat Al
Sharja Company to broker the sale and purchase of foreign currencies (withdrawal
of license)
2017/5/30
2017/5/30
Value Traded
573,443,938
Shares Traded
891,114,681
ISX ended in
Red
Iraqi "deposits' protection law" soon, CBI
Baghdad/ Iraq TradeLink: The Central
Bank of Iraq (CBI) disclosed that a law to protect banks'
deposits shall be
issued soon.
Governor Ali al-Alaq pointed that this law will support the Iraqi banks
and their clients, as well as creating a state of trust between the citizen and
the banks.
In June, 2016, the CBI announced the establishment of a company to
gurantee the deposits at the governmental and private banks with a capital of
100 billion Iraqi dinars to prompt the citizens to deposit their funds in the
banks, instead of saving them at home.
It is estimated that the home savings reached to more than 30 trillion
Iraqi dinars.
Iraq has 54 banks, in addition to the CBI, including 7 governmental, 23
commercial and 15 foreign branches banks.
Including these figures, Iraq has 9 Islamic
banks.
Kauaihn Chatter:
5-30-2017 Newshound/Intel Guru Mnt Goat Lots of
VERY GOOD news from the CBI today about the banking practices and the new laws
about to be implemented. It is all in our favor and shows us that Iraq is now
serious about fixing their economy and moving to full international
status. Remember I keep telling you my contact in the CBI
tells me they “fully intend to keep the citizens informed of this process” to
delete the zeros. They are doing just this now and fully intend to
continue.
5-30-2017 Newshound Guru mike Moving to the float helped Egypt reduce corruption and provided transparency, it hurt though. The value of the the Pound dropped by half overnight but has strengthened slightly. But what's the difference between Iraq and Egypt? An open market economy and something other than oil as an export, Iraq has literally bet it's entire financial future on a commodity. I'm all for moving to a float but Iraq should remove the financial corruption, get rid of the proxy governor and move this currency to Article VIII compliance. Get these laws passed to encourage foreign investment and partner with the Iraqi's to create products and services the world wants which would create demand for the dinar. I'm really hoping Iraq can make the changes before they consider unpegging. Your move, Abadi. [post 2 of 2]
5-30-2017 Newshound Guru mike Moving to the float helped Egypt reduce corruption and provided transparency, it hurt though. The value of the the Pound dropped by half overnight but has strengthened slightly. But what's the difference between Iraq and Egypt? An open market economy and something other than oil as an export, Iraq has literally bet it's entire financial future on a commodity. I'm all for moving to a float but Iraq should remove the financial corruption, get rid of the proxy governor and move this currency to Article VIII compliance. Get these laws passed to encourage foreign investment and partner with the Iraqi's to create products and services the world wants which would create demand for the dinar. I'm really hoping Iraq can make the changes before they consider unpegging. Your move, Abadi. [post 2 of 2]
5-29-2017 Newshound
Guru mike Article: "Our economy space
.. monetary policy is an example" Quote: "The edit
currency or floating is not something strange or innovative in the money market,
it is a tool of monetary policy for the countries of tools and not something
terrifying or misadventure as portrayed by users of the thieves of currency
teams in the bank auction" Iraq's corruption is holding
up progress. They've essentially dismantled the Finance Ministry and have
hamstrung the CBI by keeping a Maliki proxy in as its leader. Things like this,
and more, have prevented Iraq from moving to a free float because their actions
are what's creating the spread and preventing a move to Article VIII.
This serves the corrupt because they can continue to make $10-$15 million per
day and the machine grinds along until there's no more reserves left to
pillage. [post 1 of 2....stay
tuned]
5-29-2017 Newshound Guru G-Lin Article: "Central Bank Governor: Deposit Protection Law will be published very soon" I read yesterday that the peeps still have their money under their mattresses. They tried to entice them with bonds and flood the market with USD and they still will not turn loose of their dinars. I seriously think the only way they can pull dinars in is with an increase in value and this deposit protection in place. JMO. Since Alak is doing the talking, I think it will happen soon. Actually "very soon" as the art. states. The law that is. Then maybe good things will follow.
5-29-2017 Newshound Guru G-Lin Article: "Central Bank Governor: Deposit Protection Law will be published very soon" I read yesterday that the peeps still have their money under their mattresses. They tried to entice them with bonds and flood the market with USD and they still will not turn loose of their dinars. I seriously think the only way they can pull dinars in is with an increase in value and this deposit protection in place. JMO. Since Alak is doing the talking, I think it will happen soon. Actually "very soon" as the art. states. The law that is. Then maybe good things will follow.
5-29-2017 Intel Guru
RayRen98 The CBI governor was on TV saying
the Protection Deposit Law will be implemented soon. The final battle for Old
City should be on Wednesday. Early Sunday update still showing
one area needed. Another bridge was captured today along with a hospital,
the fighting continues.
5-28-2017 Newshound Guru Kaperoni Article: "Central Bank
Governor for "Tomorrow Press": Deposit Protection Act will see the light very
soon" ...I
believe it is as simple as implementation. The CoM and parliament have
already approved the law.
5-28-2017 Intel Guru Delta Article: "Central Bank Governor for "Tomorrow Press": Deposit Protection Act will see the light very soon" THIS LAW WAS PASS LONG TIME AGO. THEY JUST NEED TO IMPLEMENT ..THE TIMING IS VERY INTERESTING!
5-28-2017 Newshound Guru Kaperoni Article: "Is it time to reduce the value of the Iraqi currency? / Ibrahim al-Mashhadani " The way I get this is he is saying it is time to reduce the reasons for keeping the dinar weak..and open the market economy so the dinar can rise in value.
5-28-2017 Intel Guru Daz IRAQI FORCES STORM REMAINING ISIS HELD NEIGHBORHOODS IN WESTERN MOSUL IN BID TO SURROUND THE TERROR GROUP, IRAQ OFFICIALS SAY. ONCE FORCES RECAPTURE LAST REMAINING NEIGHBORHOOD IRAQ GOVERNMENT WILL ANNOUNCE THE LIBERATION OF MOSUL FROM FROM ISIS, SAYS COUNTRY'S JOINT OPERATIONAL COMMAND ...'ON THE CNN CRAWL' [See the latest Mosul map below]
5-28-2017 Newshound Guru Aggiedad77 Article: "Article: Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" ...even if they RV'ed right now this second...they as a country...Iraq...will not immediately begin to reap any benefits from the action...it will take time...just as it has taken them time to go from what they agreed upon with the IMF/WB way back when until now... Sure we may see the RV...and sure that can definitely benefit us in a hurry...but for Iraq as a country...they don't care about us as investors...they care about their people...about the long term safety and security and stability of their nation and people...that is what this article IMO is talking about. It is evolving...it's the very LAVA FLOW that Frank [Guru Frank26] has spoken of for years...nothing will stop it...don't get in its way...it flows mightily...and I am excited by all we see of it...today, yesterday, last week, last month, even last year...oh buddy what is coming is pure excitement in my book...all IMO.
5-28-2017 Intel Guru Delta Article: "Central Bank Governor for "Tomorrow Press": Deposit Protection Act will see the light very soon" THIS LAW WAS PASS LONG TIME AGO. THEY JUST NEED TO IMPLEMENT ..THE TIMING IS VERY INTERESTING!
5-28-2017 Newshound Guru Kaperoni Article: "Is it time to reduce the value of the Iraqi currency? / Ibrahim al-Mashhadani " The way I get this is he is saying it is time to reduce the reasons for keeping the dinar weak..and open the market economy so the dinar can rise in value.
5-28-2017 Intel Guru Daz IRAQI FORCES STORM REMAINING ISIS HELD NEIGHBORHOODS IN WESTERN MOSUL IN BID TO SURROUND THE TERROR GROUP, IRAQ OFFICIALS SAY. ONCE FORCES RECAPTURE LAST REMAINING NEIGHBORHOOD IRAQ GOVERNMENT WILL ANNOUNCE THE LIBERATION OF MOSUL FROM FROM ISIS, SAYS COUNTRY'S JOINT OPERATIONAL COMMAND ...'ON THE CNN CRAWL' [See the latest Mosul map below]
5-28-2017 Newshound Guru Aggiedad77 Article: "Article: Banking expert: Government implement the economic reform program in cooperation with the International Monetary Fund" ...even if they RV'ed right now this second...they as a country...Iraq...will not immediately begin to reap any benefits from the action...it will take time...just as it has taken them time to go from what they agreed upon with the IMF/WB way back when until now... Sure we may see the RV...and sure that can definitely benefit us in a hurry...but for Iraq as a country...they don't care about us as investors...they care about their people...about the long term safety and security and stability of their nation and people...that is what this article IMO is talking about. It is evolving...it's the very LAVA FLOW that Frank [Guru Frank26] has spoken of for years...nothing will stop it...don't get in its way...it flows mightily...and I am excited by all we see of it...today, yesterday, last week, last month, even last year...oh buddy what is coming is pure excitement in my book...all IMO.
Elmer:
Not in today
Artmeister:
Not in today
ARTICLE 1-A (on PM Abadi's
website; posted only on Arabic side, not posted on English side)
Prime Minister and
Commander-in-Chief of the Armed Forces, Dr. Haider Al-Abbadi: The announcement
of victory will be very soon thanks to the championships (6
pix)
Prime Minister and
Commander-in-Chief of the Armed Forces Dr. Haider Al-Abbadi said that our heroic
forces have set a great example in the protection of the citizen and that the
declaration of victory will be very soon thanks to the championships.
This came during a speech with a group of fighters of the anti-terrorism in Mosul and breakfast with them, where he blessed them victories in this holy month and made them the greatest tender is to defend the homeland and liberate the human.
"You have raised the head of the Iraqis by fighting against terrorist gangs, and you have achieved victories, and you are in the final stages of ending these gangs.
He pointed out that the popular mobilization forces reached the Syrian border, an achievement within the plan, indicating that the treatment of our fighters Hassan with citizens contributed greatly to achieve this victory.
Prime Minister 's Media Office
May 29, 2017
This came during a speech with a group of fighters of the anti-terrorism in Mosul and breakfast with them, where he blessed them victories in this holy month and made them the greatest tender is to defend the homeland and liberate the human.
"You have raised the head of the Iraqis by fighting against terrorist gangs, and you have achieved victories, and you are in the final stages of ending these gangs.
He pointed out that the popular mobilization forces reached the Syrian border, an achievement within the plan, indicating that the treatment of our fighters Hassan with citizens contributed greatly to achieve this victory.
Prime Minister 's Media Office
May 29, 2017
***************
ARTICLE 1-B (on PM Abadi's
website; posted on both Arabic and English sides)
Prime Minister and
Commander-in-Chief of the Armed Forces Dr. Haider Al-Abbadi arrives in Mosul to
inspect our heroic forces in the command of operations coming Ninawa (4
pix)
The Prime Minister and
Commander-in-Chief of the Armed Forces, Dr. Haider Al-Abbadi, arrived Monday in
Mosul to inspect our heroic forces in the command of operations coming Ninawa.
He met with leaders of the popular crowd and discussed with them the process of liberation and will meet with a number of other factions.
Prime Minister 's Media Office
He met with leaders of the popular crowd and discussed with them the process of liberation and will meet with a number of other factions.
Prime Minister 's Media Office
May 29, 2017
*************
ARTICLE 2
US satellites spying on Iraq
2017/5/29
23:56 •5 times read
[Where -
Continue] The
United States plans to obtain satellite images on a weekly basis for some
countries, including Iraq.
The National
Geographic Intelligence Agency (NGA) plans to hand over the management of Planet
Labs, which specializes in satellite images of Iran and North Korea, according
to the US government procurement platform FBO. According to the agency's
statement, there are high-resolution images taken by satellite over Iran as if
shot through a camera from a distance of 7 meters. The National Agency has
also expressed interest in other regions in the world, such as Syria and India,
as well as South Sudan.
***************
ARTICLE 3-A
Hakim: Corruption of all kinds is one of the most blatant injustices
2017/5/29 8:41 •133 times read
[Ayna-Baghdad] The head of the National
Alliance, Ammar al-Hakim, that corruption in all kinds of the most oppressive
injustice.
Al-Hakim said
in his speech on the second Ramadan evening on Sunday, which is held annually in
his office in Baghdad during the month of Ramadan that "there are types of
overtaking public and private money, including what is hidden and not apparent,
including what is announced by the apparent." "The importance of caring
for the families of the martyrs is fair and familiar to the sacrifices of their
parents in the face of terrorism and the preservation of Iraq," he
said.
***************
ARTICLE 3-B
Hakim warns of the prevalence of atheism in Iraqi society
2017/5/30 10:21
[Ayna-Baghdad]
Warned the head of the Iraqi National Alliance, Ammar al-Hakim, the prevalence of the phenomenon of atheism in Iraqi society.
Warned the head of the Iraqi National Alliance, Ammar al-Hakim, the prevalence of the phenomenon of atheism in Iraqi society.
"We warned in the third Ramadan evening of the prevalence of the
phenomenon of atheism and drug abuse in society," Hakim was quoted as saying during a Ramadan evening
held at his office in Baghdad during Ramadan.
He pointed out that "there are resentful of the Iraqi society's adherence to its religious obligations and its relationship with God Almighty" and called for "confronting these alien ideas to the society with thought and beatings with an iron hand against those who support these ideas and to discredit the methods they adopt in their dissemination."
He also warned "the seriousness of the phenomenon of bribery in society as a friend of the oppressors of injustice, especially if the bribery struck one of the joints of the judiciary."
He stressed that "the tender generates love, and there is their avaricious aversion and meet their appeal, as this happened with the fatwa of the Jihad Al-Kafi to Imam Ali al-Sistani, which hundreds of thousands of thousands in defense of Iraq and its people and holy sites."
He pointed out that "there are resentful of the Iraqi society's adherence to its religious obligations and its relationship with God Almighty" and called for "confronting these alien ideas to the society with thought and beatings with an iron hand against those who support these ideas and to discredit the methods they adopt in their dissemination."
He also warned "the seriousness of the phenomenon of bribery in society as a friend of the oppressors of injustice, especially if the bribery struck one of the joints of the judiciary."
He stressed that "the tender generates love, and there is their avaricious aversion and meet their appeal, as this happened with the fatwa of the Jihad Al-Kafi to Imam Ali al-Sistani, which hundreds of thousands of thousands in defense of Iraq and its people and holy sites."
*************
ARTICLE 4
Jaafari: Iraq will not ally with America against Iran
2017/5/27
22:50
[Where -
Continue]
Foreign Minister Ibrahim al-Jaafari said that Iraq will not join the policy
adopted by America against Iran, stressing that "Iraq rejects policies hostile
to Tehran."
"Iraq will not
be on the anti-Iranian front, because it rejects the policies of the axis in the
region," Jaafari said in an interview with Spanish newspaper Abc during an
international conference on victims of ethnic and religious violence in the
Middle East.
Jaafari's statement came in response to a question about US President Donald
Trump's attempt to form a new front against Iran and whether Iraq would
participate.
"Iran has not attacked or occupied a hinterland of Iraqi territory, while the
northern neighbor [Turkey] has penetrated 110 kilometers inside Iraq, but
Baghdad has continued its relations with Ankara," he said. "Iraq is a civilized
country and does not follow the black and white policy on multiple issues,"
Jaafari said.
*************
ARTICLE 5
Sadr's envoy arrives in China
2017/5/30 0:17
[Ayna-Baghdad]
An envoy of Sadr's leader Moqtada al-Sadr arrived in the People's Republic of China on Monday.
An envoy of Sadr's leader Moqtada al-Sadr arrived in the People's Republic of China on Monday.
"The envoy of the
Sadrist leader Zia al-Shouki has arrived in China for several visits and
meetings to present Sadr's vision of Islamic unity
and promote brotherly ties," a statement from Sadr's
Information Office said.
He noted that the Sadrist delegation arrived in the Chinese city of Quanju and visited the Hawain Mosque, the largest mosque for Muslims in the city, and met the imam of the mosque [Zan Gang Jun] and his son, the Islamic preacher [Wei Kuobao] and worshipers in the mosque, Sadr and the humanitarian and national positions taken by him and his emphasis on the unity of the ranks of the peace and rejection of the distinction between the sects and the rejection of all forms of extremism and terrorism.
He also visited the communities in Imam Hussein's Mosque and met with a large group of followers of the people of the House peace be upon them and of multiple nationalities?
The visit also included visits to the largest Muslim tombs in the city, which includes the tomb of the first Chinese man who entered the Koran to China, who died 1200 years ago.
He noted that the Sadrist delegation arrived in the Chinese city of Quanju and visited the Hawain Mosque, the largest mosque for Muslims in the city, and met the imam of the mosque [Zan Gang Jun] and his son, the Islamic preacher [Wei Kuobao] and worshipers in the mosque, Sadr and the humanitarian and national positions taken by him and his emphasis on the unity of the ranks of the peace and rejection of the distinction between the sects and the rejection of all forms of extremism and terrorism.
He also visited the communities in Imam Hussein's Mosque and met with a large group of followers of the people of the House peace be upon them and of multiple nationalities?
The visit also included visits to the largest Muslim tombs in the city, which includes the tomb of the first Chinese man who entered the Koran to China, who died 1200 years ago.
*************
ARTICLE 6
The crowd at the border with Syria
2017/5/29
23:38 •19 times read
[Ayna-Baghdad] On Monday, the popular
crowd arrived at the Iraqi-Syrian border. The forces of the crowd
marched today to liberate the border villages in the northern district of Baaj
and the area adjacent to Sinjar in western Nineveh province.
The
commander-in-chief of the armed forces, Haider al-Abadi, visited the city of
Mosul today, met with the leaders of the anti-terrorism agency and also visited
the headquarters of the popular mobilization operations west of
Mosul. Abadi
stressed that the forces of popular mobilization reached the Syrian border,
"returned it" an achievement within the plan, "noting that" the treatment of our
fighters Hassan with citizens contributed greatly to achieve this victory.
"
*************
ARTICLE 7
The popular crowd starts digging trenches between the Iraqi-Syrian border
2017/5/30 10:33
[Ayna-Baghdad]
The military engineering of the popular crowd began digging trenches and building barriers between the Iraqi-Syrian border.
The military engineering of the popular crowd began digging trenches and building barriers between the Iraqi-Syrian border.
"The excavation starts from the
village of Um Jaris, west of Sinjar, down to the southern villages bordering the
border," the statement said.
He added that "brigades of the popular crowd launched for the sixth day in a row in the operations of [Muhammad Rasul Allah II] on the second page to liberate the remaining villages in the north of the district of Baaj."
The Popular Popular Forces, backed by Iraqi army aircraft, arrived yesterday at the Iraqi-Syrian border after the liberation of the villages bordering it.
He added that "brigades of the popular crowd launched for the sixth day in a row in the operations of [Muhammad Rasul Allah II] on the second page to liberate the remaining villages in the north of the district of Baaj."
The Popular Popular Forces, backed by Iraqi army aircraft, arrived yesterday at the Iraqi-Syrian border after the liberation of the villages bordering it.
*************
ARTICLE 8
Iraq is preparing to launch the national internet in 2017
2017/5/30 9:04
[Ayna-Baghdad]
The Ministry of Communications announced that "this year will see the launch of the national project of the Internet in Iraq."
The Ministry of Communications announced that "this year will see the launch of the national project of the Internet in Iraq."
"After less than
one year from the date of implementation and during a record period, the
Ministry of Communications
and its contracting companies succeeded in completing 93% of the project for the supply and supply of optical
cable," ministry spokesman Hazem Mohammad Ali said in
a statement. All over Iraq, which will be reflected on the Internet prices available to
citizens in Iraq. "
He added that "control committees have been formed from the ministry following the repercussions of the reduction on the reality of the citizen in actual," noting that "the network will be secured and protected and owned by the Ministry of Communications, supervised by the Ministry and in coordination with the highest security authorities in Iraq, And the outside and filter it to ensure the security of Iraq. "
He pointed out that "the project is a promising investment, will bring great financial resources to the state of his will, and although the ministry did not bear the costs of the project, but the executing companies bear all the costs for this project."
Ali explained that "the ministry reserves the right to supervise and manage the entire joints of the national project of the Internet in Iraq, where Iraq will see the launch of the fastest network in the world, and at a cost less than the current cost by a large percentage."
He added that "control committees have been formed from the ministry following the repercussions of the reduction on the reality of the citizen in actual," noting that "the network will be secured and protected and owned by the Ministry of Communications, supervised by the Ministry and in coordination with the highest security authorities in Iraq, And the outside and filter it to ensure the security of Iraq. "
He pointed out that "the project is a promising investment, will bring great financial resources to the state of his will, and although the ministry did not bear the costs of the project, but the executing companies bear all the costs for this project."
Ali explained that "the ministry reserves the right to supervise and manage the entire joints of the national project of the Internet in Iraq, where Iraq will see the launch of the fastest network in the world, and at a cost less than the current cost by a large percentage."
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